منابع مشابه
Essays on Financial Market Imperfections
This dissertation consists of three chapters on financial market imperfections, in particular, information imperfections. Chapter 1 studies how the existence of a fixed cost per transaction faced by uninformed investors hampers information revelation through price and exacerbates adverse selection. The exacerbated adverse selection explains one long-standing puzzle in finance the momentum anoma...
متن کاملFinancial Market Imperfections and Business Cycles
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متن کاملWelfare State, Market Imperfections, and International Trade
Within a two-sector-two-country model of trade with aggregate scale economies and unionisation, a move to a more generous welfare state in one country increases welfare in that country and can have positive spill-over effects on the other. Furthermore, synchronised expansions of social security are more welfare enhancing than unilateral ones. Our results counter the fears that a race to the bot...
متن کاملCredit Market Imperfections and Persistent Unemployment¤
This paper develops the thesis that credit market frictions may be an important contributor to high unemployment in Europe. When a change in the technological regime necessitates the creation of new "rms, this can happen relatively rapidly in the U.S. where credit markets function e$ciently. In contrast, in Europe, job creation is constrained by credit market imperfections, so unemployment rise...
متن کاملMarket imperfections and firm-sponsored training
Market Imperfections and Firm-Sponsored Training Recent human capital theories predict that labor market frictions and product market competition influence firm-sponsored training. Using matched worker-firm data from Dutch manufacturing, our paper empirically assesses the validity of these predictions. We find that a decrease in labor market frictions significantly reduces firms’ training expen...
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ژورنال
عنوان ژورنال: Small Business Economics
سال: 2018
ISSN: 0921-898X,1573-0913
DOI: 10.1007/s11187-018-0037-1